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The efficient use of scarce productive resources.
This is because economic's central theme is opportunity cost. Opportunity cost can be defined as the best alternative choice that you forgo when making an economic decision. Therefore, economics study these "choices" to choose the best choice, minimize the opportunity cost for that choice.
The study of economics is essentially the study of how to intelligently distribute limited resources in order to best satisfy unlimited wants.
The study of economics from a broad perspective of the resources and factors of production in an economy
Economic efficiency describes how well a system generates desired output.
Social psychology is the study of how thoughts, feelings, and behaviors are influenced by the presence of others. It explores topics such as conformity, obedience, attitudes, prejudice, and social influence.
The efficient use of scarce productive resources.
Economics is described as the study of production, distribution, and consumption of goods an services, along with the transfer of wealth.
study island: the study of systems of production, resources, and distribution of goods and services
Plan of Study
It was used to classify cultures and societies as passing through defined stages.
This is because economic's central theme is opportunity cost. Opportunity cost can be defined as the best alternative choice that you forgo when making an economic decision. Therefore, economics study these "choices" to choose the best choice, minimize the opportunity cost for that choice.
The study of economics is essentially the study of how to intelligently distribute limited resources in order to best satisfy unlimited wants.
The study of economics from a broad perspective of the resources and factors of production in an economy
The study of societies, both past and present is a separate and distinct area of science. The best answer to this question is that Anthropology is the science that studies societies, their physical characteristics, their origins and their environment.
how people behave in social settings
Economic efficiency describes how well a system generates desired output.